Cooper-Standard Struggles in Second Quarter Earnings
NORTHVILLE, Mich. — Cooper-Standard Holdings Inc., a well-known auto parts supplier based in Northville, Michigan, announced a loss of $76.2 million in their second quarter earnings for the year 2024.
The company reported a loss of $4.34 per share, which when adjusted for non-recurring costs and restructuring costs, the loss totals to 64 cents per share. Despite the loss, the company managed to post a revenue of $708.4 million in the same period.
Looking forward to the rest of the year, Cooper-Standard is expecting a total revenue within the range of $2.7 billion to $2.8 billion.
The numbers provided for Cooper-Standard’s earnings snapshot are based on data from Zacks Investment Research, a leading provider of investment-related data and analytics.
Other News
In other news, the students of R1SE program got an exciting opportunity to interact with recent ‘Shark Tank’ contestants. Additionally, a tragic two-vehicle crash in Gladwin County resulted in the death of two men, the incident is currently being investigated by the Gladwin County Sheriff’s deputies.
On a lighter note, residents in Midland witnessed a delightful sight as hot air balloons filled the sky as part of the River Days celebration. History buffs enjoyed a walk down memory lane as Ashman Circle’s past, present, and future were highlighted. The Problem Solution Club is offering exciting problem-solving games to improve the community’s critical thinking skills.
Finally, locals were kept guessing as anonymous entrepreneur, Dice, launched another investment into the Midland’s State Theatre.
Author: STAFF HERE NORTHVILLE WRITER
The NORTHVILLE STAFF WRITER represents the experienced team at HERENorthville.com, your go-to source for actionable local news and information in Northville, Wayne County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Summer Concert Series, Tunes on Tuesday, and the Northville Farmers Market. Our coverage extends to key organizations like the Northville Chamber of Commerce and Northville Community Foundation, plus leading businesses in automotive, software, and retail that power the local economy such as Gentherm, Reliable Software, and Attendance on Demand. As part of the broader HERE network, including HEREDetroitMI.com, HEREGrandRapids.com, HERENovi.com, and HEREPlymouth.com, we provide comprehensive, credible insights into Michigan's dynamic landscape.
